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djyliett [7]
3 years ago
13

The minimum feasible​ long-run average cost for firms in a perfectly competitive industry is ​$27 per unit. If every firm in the

industry currently is producing an output consistent with a​ long-run equilibrium, calculate the marginal cost incurred by each firm and the market price. Marginal cost is ​$nothing and market price is ​$nothing. ​(Enter your responses as whole​ numbers.)
Business
1 answer:
Furkat [3]3 years ago
5 0

Answer: Marginal cost is ​$27 and market price is ​$27

Explanation:

In the long run, perfectly competitive industries make zero economic profit. This means therefore that Average cost will be the same as the Market price so Market price will be $27.

Firms in a perfectly competitive industry will produce at a rate where Marginal revenue will equal marginal cost in order to maximise profit.

In a perfectly competitive industry, firms are price takers which means that the Market price is also the same as the Marginal revenue. The Market price will therefore be equal to marginal cost which means that Marginal cost will also be $27.

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b. If Mabel is rejected for a loan because of the consumer report, the lender must tell her the source of the report.

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The best answer to this question is option b, given that it gives the best description of the situation at hand. If she is turned down for a loan due to the fact that she has been delinquent in paying bills, the the agency from which she seeks this loan has to tell her the source of the report. A credit report gives a summarized statement of a persons financial state. It has such important information like the particulars of the person , address as well as the person SSN,

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3 years ago
Accounting information include investors and regulators; business owners and employees are included in the intended users of:___
kolezko [41]

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4 0
2 years ago
Three employees in the maintenance department are responsible for repairing the video games at Pinball Wizard, a video arcade. A
DanielleElmas [232]

Answer:

(D) Calling a patient to confirm an appointment.

Explanation:

Which among the following processes of a dentist's office is the most likely a back-office process?

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THE ANSWER IS (D)

Calling a patient to confirm an appointment doesn't require facing the patient or having them around.

Filing a claim with the patient's dental insurance provider requires the presence of one or both of the client and his insurance officer.

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8 0
3 years ago
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stiv31 [10]

Answer:

$118,000

Explanation:

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7 0
3 years ago
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CaHeK987 [17]

Answer:

This took me a long time to figure out , but I'm pretty sure number 1 is

D) Silk and Wool.

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5 0
3 years ago
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